Comstar Increases Shareholding in Armenian Callnet
OREANDA-NEWS. May 19, 2010. “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 82 Russian cities, today announced that it has completed a transaction to increase its shareholding in CallNet Enterprises Ltd., which owns 100% of the Armenian operator Cornet. The Group has acquired 25% minus 1 share of CallNet and now controls 100% of the company.
Cornet is one of the leading communication operators in
Comstar’s initial shareholding of 75% plus 1 share in CallNet was acquired in October 2006.
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